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Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2018
Segment Reporting [Abstract] |
Segment Information | 11. Segment Information
|  |  |  |  | (Stated in millions) |
| Third Quarter 2018 |  |  | Third Quarter 2017 |
|  |  |  |  | Income |  |  |  |  |  |  | Income |
|  |  |  |  | Before |  |  |  |  |  |  | Before |
| Revenue |  |  | Taxes |  |  | Revenue |  |  | Taxes |
Reservoir Characterization | $ | 1,673 |  |  | $ | 373 |  |  | $ | 1,771 |  |  | $ | 311 |
Drilling |  | 2,429 |  |  |  | 339 |  |  |  | 2,120 |  |  |  | 301 |
Production |  | 3,252 |  |  |  | 320 |  |  |  | 2,876 |  |  |  | 283 |
Cameron |  | 1,298 |  |  |  | 148 |  |  |  | 1,297 |  |  |  | 194 |
Eliminations & other |  | (148 | ) |  |  | (28 | ) |  |  | (159 | ) |  |  | (30 | )
Pretax operating income |  |  |  |  |  | 1,152 |  |  |  |  |  |  |  | 1,059 |
Corporate & other (1) |  |  |  |  |  | (234 | ) |  |  |  |  |  |  | (234 | )
Interest income (2) |  |  |  |  |  | 8 |  |  |  |  |  |  |  | 30 |
Interest expense (3) |  |  |  |  |  | (139 | ) |  |  |  |  |  |  | (129 | )
Charges and credits (4) |  |  |  |  |  | - |  |  |  |  |  |  |  | (49 | )
| $ | 8,504 |  |  | $ | 787 |  |  | $ | 7,905 |  |  | $ | 677 |
(1) Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items. (2) Interest income excludes amounts which are included in the segments’ income ($2 million in 2018; $4 million in 2017). (3) Interest expense excludes amounts which are included in the segments’ income ($8 million in 2018; $13 million in 2017). (4) See Note 2 – Charges and Credits.
|  |  |  |  | (Stated in millions) |
| Nine Months 2018 |  |  | Nine Months 2017 |
|  |  |  |  | Income |  |  |  |  |  |  | Income |
|  |  |  |  | Before |  |  |  |  |  |  | Before |
| Revenue |  |  | Taxes |  |  | Revenue |  |  | Taxes |
Reservoir Characterization | $ | 4,865 |  |  | $ | 1,030 |  |  | $ | 5,148 |  |  | $ | 891 |
Drilling |  | 6,789 |  |  |  | 921 |  |  |  | 6,212 |  |  |  | 832 |
Production |  | 9,468 |  |  |  | 851 |  |  |  | 7,559 |  |  |  | 614 |
Cameron |  | 3,902 |  |  |  | 481 |  |  |  | 3,791 |  |  |  | 530 |
Eliminations & other |  | (388 | ) |  |  | (63 | ) |  |  | (449 | ) |  |  | (101 | )
Pretax operating income |  |  |  |  |  | 3,220 |  |  |  |  |  |  |  | 2,766 |
Corporate & other (1) |  |  |  |  |  | (699 | ) |  |  |  |  |  |  | (715 | )
Interest income (2) |  |  |  |  |  | 44 |  |  |  |  |  |  |  | 82 |
Interest expense (3) |  |  |  |  |  | (405 | ) |  |  |  |  |  |  | (383 | )
Charges and credits (4) |  |  |  |  |  | (184 | ) |  |  |  |  |  |  | (723 | )
| $ | 24,636 |  |  | $ | 1,976 |  |  | $ | 22,261 |  |  | $ | 1,027 |
(1) Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items. (2) Interest income excludes amounts which are included in the segments’ income ($7 million in 2018; $15 million in 2017). (3) Interest expense excludes amounts which are included in the segments’ income ($29 million in 2018; $39 million in 2017). (4) See Note 2 – Charges and Credits. Revenue by geographic area was as follows:
|  |  |  |  |  |  |  |  | (Stated in millions) |
| Third Quarter |  |  | Nine Months |
| 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
North America | $ | 3,189 |  |  | $ | 2,602 |  |  | $ | 9,164 |  |  | $ | 6,675 |
Latin America |  | 978 |  |  |  | 952 |  |  |  | 2,767 |  |  |  | 2,942 |
Europe/CIS/Africa |  | 1,820 |  |  |  | 1,843 |  |  |  | 5,316 |  |  |  | 5,255 |
Middle East & Asia |  | 2,417 |  |  |  | 2,352 |  |  |  | 7,079 |  |  |  | 7,007 |
Eliminations & other |  | 100 |  |  |  | 156 |  |  |  | 310 |  |  |  | 382 |
| $ | 8,504 |  |  | $ | 7,905 |  |  | $ | 24,636 |  |  | $ | 22,261 |
North America and International revenue disaggregated by segment was as follows:
|  |  |  |  |  |  |  |  | (Stated in millions) |
| Third Quarter 2018 |
| North |  |  |  |  |  |  | Eliminations |  |  |  |  |
| America |  |  | International |  |  | & other |  |  | Total |
Reservoir Characterization | $ | 242 |  |  | $ | 1,317 |  |  | $ | 114 |  |  | $ | 1,673 |
Drilling |  | 601 |  |  |  | 1,760 |  |  |  | 68 |  |  |  | 2,429 |
Production |  | 1,725 |  |  |  | 1,527 |  |  |  | - |  |  |  | 3,252 |
Cameron |  | 617 |  |  |  | 656 |  |  |  | 25 |  |  |  | 1,298 |
Other |  | 4 |  |  |  | (45 | ) |  |  | (107 | ) |  |  | (148 | )
| $ | 3,189 |  |  | $ | 5,215 |  |  | $ | 100 |  |  | $ | 8,504 |
| Nine Months 2018 |
| North |  |  |  |  |  |  | Eliminations |  |  |  |  |
| America |  |  | International |  |  | & other |  |  | Total |
Reservoir Characterization | $ | 733 |  |  | $ | 3,747 |  |  | $ | 385 |  |  | $ | 4,865 |
Drilling |  | 1,733 |  |  |  | 4,884 |  |  |  | 172 |  |  |  | 6,789 |
Production |  | 4,919 |  |  |  | 4,545 |  |  |  | 4 |  |  |  | 9,468 |
Cameron |  | 1,761 |  |  |  | 2,070 |  |  |  | 71 |  |  |  | 3,902 |
Other |  | 18 |  |  |  | (84 | ) |  |  | (322 | ) |  |  | (388 | )
| $ | 9,164 |  |  | $ | 15,162 |  |  | $ | 310 |  |  | $ | 24,636 |

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- References No definition available. + Details
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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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